Jogin was growing a kitchen garden to fight against rising prices. Dakshinamoorthy was calculating the probabilities for each World Cup hopeful. Sridevi was analysing the latest airline valuations... Till Khan messaged them all, "Chat call." Respond!

Kay: Hi. Market strengthened last week.

Sri: Analysts say it's a retrace.

Dax: One has to wait and see how it moves this week.

Jog: Nifty has support at 2,963. The next resistance is at 3,070.

Sri: If breached on the downside, it may go to.2600.

Dax: Chart patterns suggest the key level to look forward to is.

Kay: 10,800 to 10,900. So that we can conclusively predict!

Jog: FII inflows were positive this month.

Dax: MFs were net sellers. Sitting with heavy cash.

Sri: In May they mobilised around Rs 2,300 crore.

Kay: Tread cautiously. Market is marching forward.

Dax: Amidst many crucial factors such as the FOMC meeting.

Sri: US Fed meet on June 29. And the monsoon.

Dax: Major indices closing weak, ahead of this week's meeting.

Jog: Clear picture will emerge only in the first week of July.

Kay: Any hike of rate by Bernanke may impart bearishness.

Sri: To global markets, including ours!

Jog: Preferable to stick to large caps?

Dax: Yes, to limit the downside risk

Kay: Among large caps, Reliance Energy looks attractive.

Sri: And Reliance Capital. Pantaloon Retail too.

Jog: Heard on the street. Some action can be on Lloyd Electric.

Sri: Also Uniply and MRO-TEK, if I may add.

Dax: Inflation above 5% and sarkar's knee-jerk reaction!

Jog: Add pressure for the market, in my view.

Kay: Tone of the FOMC statement is to watch out for.

Sri: True, it will try to prepare the markets for upcoming actions.

Dax: And signal how far it intends to lift rates to hold inflation!

Jog: Jittery investors fear the Fed may go too far.

Kay: Last week's numbers, koi?

Dax: Me! PBA Infrastr and Kale Consul gained about 5% last Monday.

Blue Chip was up about 4% while UTI Bank and Tata Steel earned a profit of 3% plus. Siemens and Bajaj Auto gained 2% plus on June 19. GE Shipping, Ashok Leyl and ITC ended that day on a positive note.

Sri: Surge in volumes in Sterlite. Could reach 430.

Jog: Many stocks hitting upper circuit on a daily basis.

Dax: Bartronics, PBA Infra, DS Kulkarni?

Kay: Brokerage houses positive on Satyam. Target 800.

Jog: Satyam and Infy getting very active at the bourses.

Sri: Both look quite strong. Good investment opportunity.

Jog: Rei Agro, a favourite last week, has a potential to touch 130.

Kay: BSE oil & gas, and IT indices perform better than others.

Dax: Sugar imports to improve domestic sugar supplies?

Sri: Because of mismatch between production and demand.

Kay: Sugar price will be under check.

Sri: Pakistan has a sugar glut! Surplus of one million tonnes.

Kay: "Sweet are the uses of adversity." As You Like It.

Dax: In equities, Dwarikesh Sugar, Triveni, EID Parry.

Jog: Were sweeter than other lots? The Bard writes in King Richard III.

Sri: "Sweet flowers are slow and weeds make haste." Bye!

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Lee with inputs from Nat, Mad, Bad, The and Bij.

Blog at http://MarketChat.blogspot.com

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